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Author Topic: How do you manage to keep your crypto coins?  (Read 1058 times)
celjc (OP)
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September 10, 2017, 05:31:46 PM
 #1

How do you manage to keep your crypto coins? 

I make sure I have not just one hard drive but more than one to make sure that I have back ups in case my crypto wallet is gone for whatever reason.
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September 10, 2017, 05:37:51 PM
 #2

How do you manage to keep your crypto coins?  

I make sure I have not just one hard drive but more than one to make sure that I have back ups in case my crypto wallet is gone for whatever reason.

Low value coins are staying at the exchange. High value coins are in their wallets. My PC is making a snapshot every hour and a full backup every day. you can never be too cautious.

And if you are still in doubt about your PC wealth just buy a hardware wallet like the ledger wallet S: https://www.ledgerwallet.com/products/ledger-nano-s

You can even check if your wallet has an option to make a paper wallet. However for every method you have pros and cons so choose the best method for you

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September 10, 2017, 05:39:36 PM
 #3

Ledger wallet is great.
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September 10, 2017, 05:42:50 PM
 #4

Well, most part of my altcoins are Ethereum Based, so i store them in MyEtherWallet.. I think this is the most easy way to keep your tokens safe instead on having them in any exchanger.
Security is the most important part in cryptocurrencies world, and exchanger is the opposite, someday they could close down and you lost all your money, that is why i store my coins in anyother wallet.
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September 10, 2017, 05:49:39 PM
 #5

I keep my altcoins in my  myetherwallet (MEW) , only which are erc20 tokens. Because this wallet is safe and easy to use in compare to altcoins own wallet and other altcoins wallet.  But nowdays I heard many scam in mew by hacker's

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September 10, 2017, 05:50:32 PM
 #6

you just need to keep backing up your wallet and save it from your usb so just I case your pc break down you still have the back to recover if I'm not mistaken every coin have their back up so just in case it will be easy for us to re-download the wallet then just insert the back and it will be regain.
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September 10, 2017, 05:54:45 PM
 #7

Bitcoin in the full fat (150GB) official client. Other coins with the private keys or mnemonic seed, combined with a lite client or MyEtherWallet
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September 10, 2017, 05:57:54 PM
 #8

I only use myether to store them for safekeeping, I am very afraid to use electronic devices for storage because they can be stolen or risk fire or something.

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September 10, 2017, 05:58:54 PM
 #9

if you do not have enough hard drive you can use the private key that you created in wallet then save it in a safe place . because private key is more efficient memory than backup wallet .

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September 10, 2017, 06:24:22 PM
 #10

I'm using Electrum & mew. Private keys are saved in password protected .xlsx lists and stored in multiple hard drives.

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September 10, 2017, 06:34:45 PM
 #11

I'm using Electrum & mew. Private keys are saved in password protected .xlsx lists and stored in multiple hard drives.



But still how can you protect yourself if a hacker has a RAT on your computer and can just copy your password whenever you type it in?

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September 10, 2017, 06:55:39 PM
 #12

I'm using Electrum & mew. Private keys are saved in password protected .xlsx lists and stored in multiple hard drives.



But still how can you protect yourself if a hacker has a RAT on your computer and can just copy your password whenever you type it in?
It doesn't matter, if your machine is infected a hacker might as well copy the wallet file, the mnemonic seed, password or whatever he/she wants. When a hacker has access, all bets are off.
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September 10, 2017, 06:56:54 PM
 #13

When it comes to storing bitcoins then I think Electrum wallet is the best as its easy to use and the altcoins that I have are ethereum based so that I prefer to save in my ether wallet as it is very user friendly and it ensures the safety of coins in the wallet as you cannot afford to loose your coins in the hands of the hackers and ether wallet makes that difficult.

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September 10, 2017, 07:01:59 PM
 #14

I store some coins in my coinomi wallet which is available for Android.
All Ethereum based tokens in myetherwallet
Some low value coins and short term coins in the exchange itself.
Bitcoin in both blockchain.info wallet and mycelium wallet

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September 10, 2017, 07:04:27 PM
 #15

It depends on your plans for your coins. If you want to buy and hold then a wallet is best. If,however, you want to trade,lend or use arbitrage you need them in an exchanger.
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September 10, 2017, 07:09:02 PM
 #16

How do you manage to keep your crypto coins? 

I make sure I have not just one hard drive but more than one to make sure that I have back ups in case my crypto wallet is gone for whatever reason.

for me i make a backup in my another Hard Disk, so if i reinstall My computer the file is available in my hard disk
another steps is i make a group for my self in facebook and upload all the details in my secret group

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September 10, 2017, 07:20:49 PM
 #17

I think that the person who own some currencies should for sure make some backups in many places, because it's very important when you lost one you have still another one safe in other place. It is obvious but also strong password with symbols like "%^*(#".
Also MyEtherWallet and ledger are perfect to keep your coins safe.
Paper wallet is also nice idea, but i am afraid of people whom could come into a paper.
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September 10, 2017, 07:24:08 PM
 #18

It depends on your plans for your coins. If you want to buy and hold then a wallet is best. If,however, you want to trade,lend or use arbitrage you need them in an exchanger.
I usually have my coins placed on an exchange so I can sell them for profit whenever I see the opportunity to do so. Not all coins should be put inside a wallet because there’s time where the time it takes for the transaction to confirm is long so by placing them inside an exchange is the best thing out for spending the coins.
Bitcoin is the only coin that should be placed somewhere securely since most coins on this forum and within coinmarketcap depend on it to be traded. Altcoins and fiat don’t really have any special perks here unless they were already popular from Bitcoin.
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September 10, 2017, 08:58:55 PM
 #19

How do you manage to keep your crypto coins? 

I make sure I have not just one hard drive but more than one to make sure that I have back ups in case my crypto wallet is gone for whatever reason.

Everything is very simple.

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September 10, 2017, 10:22:40 PM
 #20

I usually keep a coin in the wallet and protect it with a password. but there are some coins that I keep in exchange.

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